This incident shows once again cryptocurrencies is pure speculation and gambling
Just imagine if an EMP hits.
In related news....hoping to buy a good, used 3080 video-card on the cheap.
It’s not speculation or gambling. But it’s a scam.
Imagine a private party being able to issue currency without any supervision. Even if the person/group doing it if completely honest and above board to start with, how long do you think they can withstand the temptation of taking all the real world money people gave them for the currency and running with it.
There is a reason pure anarchy doesn’t work, police and law enforcement are a necessary evil.
Fake electronic fiat…I’m amazed it is worth anything…
The CEO is a huge Democrat donor (top four in the country)